Salter’s Duck

Brimes: $400K (and 20 KW) from wave-energy history

By GREGORY ZELLER // A Hauppauge energy company riding the waves of a leading-edge clean-gen technology is closer than ever to a critical pilot project in the waters off the Philippines. But with a signed letter of intent from one of the Southeast Asian island country’s largest utility companies to provide up to $600,000 to the cause, Brimes Energy still needs about $400,000 in working capital to proceed with its ambitious plans. That’s the breakdown…